Denali Advisors LLC Purchases 9,241 Shares of Archer Daniels Midland Company $ADM

Denali Advisors LLC increased its position in Archer Daniels Midland Company (NYSE:ADM) by 63.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,787 shares of the company’s stock after acquiring an additional 9,241 shares during the quarter. Denali Advisors LLC’s holdings in Archer Daniels Midland were worth $1,255,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Brookstone Capital Management acquired a new stake in Archer Daniels Midland in the 2nd quarter worth $207,000. D.A. Davidson & CO. grew its position in Archer Daniels Midland by 83.8% in the 2nd quarter. D.A. Davidson & CO. now owns 53,593 shares of the company’s stock worth $2,829,000 after purchasing an additional 24,432 shares during the last quarter. apricus wealth LLC grew its position in Archer Daniels Midland by 18.5% in the 2nd quarter. apricus wealth LLC now owns 65,406 shares of the company’s stock worth $3,452,000 after purchasing an additional 10,205 shares during the last quarter. Avidian Wealth Enterprises LLC grew its position in Archer Daniels Midland by 4.0% in the 2nd quarter. Avidian Wealth Enterprises LLC now owns 13,113 shares of the company’s stock worth $692,000 after purchasing an additional 510 shares during the last quarter. Finally, Unison Advisors LLC grew its position in Archer Daniels Midland by 1.2% in the 2nd quarter. Unison Advisors LLC now owns 56,157 shares of the company’s stock worth $2,964,000 after purchasing an additional 657 shares during the last quarter. Institutional investors own 78.28% of the company’s stock.

Analyst Upgrades and Downgrades

ADM has been the topic of several research analyst reports. Morgan Stanley raised their price target on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 12th. UBS Group restated a “buy” rating and issued a $70.00 price target (up from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. Barclays upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $50.00 to $61.00 in a research report on Wednesday, August 6th. JPMorgan Chase & Co. initiated coverage on shares of Archer Daniels Midland in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $61.00 price target on the stock. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $55.50.

Archer Daniels Midland Trading Up 0.2%

Shares of ADM opened at $61.82 on Thursday. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $64.57. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The stock has a 50 day simple moving average of $61.55 and a 200-day simple moving average of $54.60. The stock has a market cap of $29.70 billion, a PE ratio of 27.23, a PEG ratio of 4.87 and a beta of 0.70.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings results on Monday, December 2nd. The company reported $1.63 EPS for the quarter. The firm had revenue of $21.70 billion for the quarter. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. On average, sell-side analysts predict that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were given a $0.51 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a yield of 3.3%. Archer Daniels Midland’s payout ratio is 89.87%.

About Archer Daniels Midland

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.